Common use of Assets of the Company Clause in Contracts

Assets of the Company. The Company owns, or has valid leasehold interests in, or licenses to, all of the assets required or necessary to operate the Business of the Company as it is now being conducted. Except for liens reflected on the May 31, 2008 balance sheet, or on Schedule 3.5 hereof, the Company’s assets are free and clear of all liens.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Location Based Technologies, Inc.), Stock Purchase Agreement (Location Based Technologies, Inc.), Stock Purchase Agreement (Location Based Technologies, Inc.)

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Assets of the Company. The Company owns, or has valid leasehold interests in, or licenses to, all of the assets required or necessary to operate the Business of the Company as it is now being conducted. Except for liens reflected on the May August 31, 2008 2009 balance sheet, or on Schedule 3.5 hereof, the Company’s assets are free and clear of all liens.

Appears in 1 contract

Samples: Stock Purchase Agreement (Location Based Technologies, Inc.)

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Assets of the Company. The Company owns, or has valid leasehold interests in, or licenses to, all of the assets required or necessary to operate the Business of the Company as it is now being conducted. Except for liens reflected on the May 31, 2008 balance sheet, or on Schedule 3.5 hereof, the Company’s 's assets are free and clear of all liens.

Appears in 1 contract

Samples: Stock Purchase Agreement (Location Based Technologies, Inc.)

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